NEW YORK, Apr. 23, 2015 /PRNewswire/ -- Breathe eCig Corp. (OTCQB: BVAP) ("Breathe" or "the Company"), the electronic cigarette industry innovator and pioneer, has today announced that the Company is in the process of establishing two distinct, wholly owned subsidiaries. One subsidiary will focus on developing the Company's current and future intellectual property ("patents") and the other will focus on building specified medical devices based on the Company's proprietary technologies. The formation of these two subsidiaries represents incremental new operating businesses and diversification, as the Company's focus remains on the E-Cigarette ("ECig") space. As soon as the formation of these two wholly owned subsidiaries is complete, the Company will notify shareholders via a press release.
In addition, the formation of these two wholly owned subsidiaries provides a platform for the Company to create potential joint venture partnerships with large pharmaceutical and life sciences companies, as well as foundations and government health care agencies across the globe.
Breathe CEO Mr. Josh Kimmel stated, "Breathe believes that establishing two wholly owned subsidiaries enables the Company to focus on specific activities that may or may not be directly related to the core business. After initial discussion with potential industry partners, the Company believes that this structure is essential and provides any potential industry partner with the ability to streamline its focus. The Company also believes that incorporating its technology platform into medical devices is a socially responsible approach, as it provides medical patients with the opportunity to benefit from Breathe's extensive intellectual portfolio."
About BREATHE ECIG CORP. (OTCQB: BVAP):
Breathe was founded in 2012 as a research and development company in Knoxville, Tennessee with the mission to develop a better e-cigarette than was available on the market. Now holding multiple patents (pending) for its groundbreaking product, BVAP, Breathe is not your typical e-cig manufacturer. With a commitment to remaining socially responsible through innovative product development, consumer outreach and education, Breathe challenges the e-cig industry establishment. To find out more, visit www.breathecig.com.
DISCLAIMER < >
This press release contains statements that are "Forward-Looking" in nature (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). All statements regarding the Company's financial position, potential, business strategy, plans and objectives for future operations are Forward-Looking statements. Many of these statements contain words such as "goal," "aims," "may," "expect," "believe," "intend," "anticipate," "estimate," "continue," "would," "exceed," "should," "steady," "plan," "potential," "dramatic," and variations of such words and similar expressions identify Forward-Looking statements, but their absence does not mean that a statement is not a Forward-Looking statement. Because Forward-Looking statements involve future risks and uncertainties, there are many factors that could cause actual results to differ materially from those expressed or implied. The Company cannot predict the actual effect these factors will have on its results and many of the factors and their effects are beyond the Company's control. Any forward-looking statement made by the Company speaks only as of the date on which it is made. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise. Given these uncertainties, you should not rely too heavily on these forward-looking statements.
Information for the Educated Investor
For further information regarding these and other risks related to Breathe eCigs' business, investors should consult Breathe eCigs' filings with the Securities and Exchange Commission, available at www.sec.gov, and contact Company counsel at [email protected].
Mr. Joshua Kimmel
Chief Executive Officer
Tel: +1(800) 905-4014
Local: +1(865) 337-7549
SOURCE Breathe eCig Corp.